The W Initiative, a flagship women empowerment programme from Access Bank Plc, has announced plans for its 2019 ‘W Health Month’ aimed at improving community awareness on health issues that affect women and their families by bridging the knowledge gap, providing access to health checks and encouraging healthy lifestyle habits. Slated to run all through the month of October, the ...
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Akingbola Used Intercontinental Bank’s N10b To Clear Personal Debt – EFCC
The Federal High Court in Lagos Tuesday heard that former defunct Intercontinental Bank Managing Director Dr Erastus Akingbola allegedly repaid a personal debt using the bank’s N10billion. An Economic and Financial Crimes Commission (EFCC) investigator Abdulraheem Jimoh told the court how he uncovered the alleged fraudulent transaction. He was testifying as the second prosecution witness in Akingbola’s trial before Justice ...
Read More »13 New Millionnaires Emerge From Fidelity Bank Promo
Fidelity Bank Plc has churned out 13 new millionnaires in its Get Alert in Millions (GAIM) Savings Promo Season 3 at its second monthly draw monday in Lagos. According to the Chairperson of the Savings Promo Committee, Mrs. Chijioke Ugochukwu, a total of N19 million was won by the 13 customers, aside 18 consolation prizes for others , as parting ...
Read More »UBA’s Gross Earnings Hit N375b
United Bank for Africa Plc, has announced its unaudited 2018 Third Quarter Financial Results. The bank recorded growth in Gross Earnings, which berthed at N374.8 billion, representing a 12.3 percent increase when compared to N333.9 billion recorded in the corresponding period of 2017. According to the report filed to the Nigerian Stock Exchange(NSE) on Monday, UBA’s net operating improved 1.7 ...
Read More »Update: Oyo NLC shuts MTN Offices In Ibadan
Nigerian workers under the aegis of Nigerian Labour Congress (NLC), Oyo State Chapter, on Monday, shut down the operations at all the offices of telecommunication giant, MTN across Ibadan, the Oyo state capital over the allegation that the company over the years refused to allow its members of staff unionise. Oyo State NLC Chairman, Mr Waheed Olojede, who led other ...
Read More »UBA Shareholders Approve 2017 Final Dividend Of N22.23bn
United Bank for Africa ( UBA ), on Monday endorsed the payment of N22.23 billion final dividend declared by the board for the financial year ended Dec. 31, 2017. The shareholders gave the approval at the bank’s 56th Annual General Meeting held in Lagos. The final dividend translated to 65k per share when compared with final dividend of 55k paid ...
Read More »Court Sentences Former Union Bank Head Of Operations To 12 Years Imprisonment
Paul Onwughalu, a former Head of Operations, Union Bank Plc, Head Office, Marina, Lagos, has been sentenced to 12 years imprisonment for fraud related offences. Onwughalu, who was arraigned before Justice S.S. Ogunsanya of the Lagos State High Court sitting in Igbosere, by the Economic and Financial Crimes Commission, Lagos Zonal office, was convicted on Wednesday. The convict had been ...
Read More »Court Finds Banker Guilty Of N700m Fraud
The Lagos High Court sitting in Ikeja has convicted a former relationship officer with Coronation Merchant Bank, Nsa Ayi, over fraud allegations levelled against him by the Economic and Financial Crimes Commission (EFCC). Justice Mojisola Dada convicted Ayi on Tuesday after he pleaded guilty to 11 charges bordering on fraudulent false accounting to the tune of N700million, an offence contrary ...
Read More »Access Bank Wins Euromoney’s Best Commercial Banking Capabilities Award
Access Bank Plc has emerged winner of the best ‘Commercial Banking Capabilities’ award by Euromoney, a leading global financial publication. The prestigious award was presented to Herbert Wigwe, the Bank’s Group Managing Director/CEO at the Euromoney Private Banking Awards 2018, which held at the Landmark in Marylebone, London on Thursday. The Awards are the most prestigious in the growing area ...
Read More »Media Firm Files N200 million Suit Against Access Bank
An Abuja based media firm, Image Merchants Promotion Limited, and its promoter, Yushau Shuaib, have slammed a N200 million suit against Access Bank Plc over an alleged unlawful freezing of their four different accounts with the bank in the past two years. The bank was dragged before a High Court of the Federal Capital Territory (FCT) Abuja by the two ...
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